About Magic Eden

ME is the governance token for Magic Eden, a multi-chain NFT and fungible marketplace built on on Bitcoin, Solana, and EVM networks. In addition to governance, ME can also be used to list or purchase NFTs on Magic Eden.

Happening now

AI generated 6h ago

ME is navigating legal headwinds from a class-action lawsuit

while posting roughly

↗6.44%

weekly gains.

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R$0.3018

Trading Insights

Buyer Ratio

63%0%

Traders

16

36%

Buyers

10

37.5%

Sellers

7

53.33%

Searched

25

Market Stats

Market Cap

R$177.53M

0.36%

FDV

R$302.92M

Circ. Supply

586M ME

Max Supply

1B ME

Total Supply

1B ME

Diluted Valuation

R$302.81M

Performance

Popularity

#441

Dominance

0%

Volume (24H)

R$669.76M

7.4%

Volume (7D)

R$3.75B

Volume (30D)

R$19.81B

All time high

R$27.59

Price Change (1Y)

Not enough data

92.07%

Additional details

Market details

ME vs markets

↘ 86.64%

ME vs BTC

↘ 85.68%

ME vs ETH

↘ 84.19%

Tags

marketplace

collectibles-nfts

wallet

dapp

+2

Network & Addresses

Network
Address

Solana

MEFNBXixkEbait3xn9bkm8WsJzXtVsaJEn4c8Sam21u

Price history

Time
Price
Change
Today
R$0.3018
-0.67%
1 Day
R$0.3031
-0.67%
1 Week
R$0.3122
-2.87%
1 Month
R$0.3337
-7.85%
1 Year
R$4.11
-92.07%

Coinbase insights

Happening now

AI generated 6h ago

ME is navigating legal headwinds from a class-action lawsuit

while posting roughly

↗6.44%

weekly gains.


Mixed signals across timeframes

The asset declined roughly

↘2.61%

over the past 24 hours while trading volume dropped roughly

↘61.88%

over the same period, with sellers outnumbering buyers by approximately 1.73 to 1, reflecting near-term caution.


Trading activity cooling down

Daily trading activity cooled significantly as the lawsuit news

likely weighed on investor sentiment, though the weekly trend remains positive.


Token supply event approaching

A token unlock event

is releasing 501,981 ME tokens (around 0.05% of total supply), a small amount that typically has minimal impact on price dynamics.


Category performance diverging

Within the Solana Ecosystem category, ME ranks among the top performers over the past year but trailed peers over the past 24 hours.

Recent trends

The latest ME price is R$0.3018. Compared to Magic Eden's value of R$0.30 from 24 hours ago, there's been a -1% decrease, while the current price is -3% down from R$0.31 which was recorded one week ago. Magic Eden's all time high is R$27.59, which was reached on December 11, 2024. This is a -99% change from its price today.

The current circulating supply of Magic Eden is 586,063,718. This is 59% of its max supply of 1,000,000,000 ME and 59% of its total supply of 999,990,727. The market cap is currently R$177.53M, which is a result of multiplying the current price of Magic Eden(R$0.30) by the total supply(999,990,727 ME). The fully diluted valuation of Magic Eden is R$302.92M. The diluted valuation of Magic Eden is R$302.92M.

Magic Eden had 10 buyers, 7 sellers and total 16 trades in the last 24h. Magic Eden was searched 25 times in the last 24h.

FAQ

We update our Magic Eden to BRL currency in real-time. Get the live price of Magic Eden on Coinbase.

The current market cap of Magic Eden is R$177.532M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Magic Eden is R$27.59. This all-time high is highest price paid for Magic Eden since it was launched.

Over the last 24 hours, the trading volume of Magic Eden is R$669.758M.

Assets that have a similar market cap to Magic Eden include Rocket Pool, Lorenzo Protocol, Ampleforth, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Magic Eden is 586 million.

Magic Eden ranks 351 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Magic Eden is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Magic Eden guide.

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Social stats

Popularity in posts

#224

Contributors

128

Posts

226

% About Magic Eden

0.063%

Articles

0

X (Twitter)

28.5% bullish

Sentiment

4.3 ★

Highlights

128 unique individuals are talking about Magic Eden and it is ranked #224 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Magic Eden has an average sentiment score of 4.3 out of 5. Finally, Magic Eden is becoming less newsworthy, with 0 news articles published about Magic Eden.

On Twitter, people are mostly neutral about Magic Eden. There were 33.14% of tweets with bullish sentiment compared to 16.28% of tweets with a bearish sentiment about Magic Eden. 66.86% of tweets were neutral about Magic Eden. These sentiments are based on 200 tweets.

On Reddit, Magic Eden was mentioned in 2 Reddit posts and there were 11 comments about Magic Eden. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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